FXstreet.com (Córdoba) - Despite the positive mood reigning in financial markets, the pound was unable to sustain gains versus the dollar and after hitting a high of 1.6173 in the US ISM manufacturing aftermath, the cable retraced intraday gains.
GBP/USD has pulled back below opening levels and it is currently trading at the 1.6125 zone, 0.1% below its opening price, and not far from its 3-week low of 1.6107 scored during the Asian session.
"In terms of technical levels, supports are seen at 1.6109, 1.6065 and then at 1.5987", says the Talking-Forex.com team. "On the other hand, resistance levels are seen at the 10DMA line at 1.6203 and then at 1.6273".
GBP/USD has pulled back below opening levels and it is currently trading at the 1.6125 zone, 0.1% below its opening price, and not far from its 3-week low of 1.6107 scored during the Asian session.
"In terms of technical levels, supports are seen at 1.6109, 1.6065 and then at 1.5987", says the Talking-Forex.com team. "On the other hand, resistance levels are seen at the 10DMA line at 1.6203 and then at 1.6273".
